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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (239680)5/8/2003 3:23:39 PM
From: Bid Buster  Respond to of 436258
 
Thats it..There is no doubt anymore, the man HAS lost his mind!



To: Les H who wrote (239680)5/8/2003 3:37:46 PM
From: patron_anejo_por_favor  Respond to of 436258
 
Pretty funny, BubbleBoy's bickering w/Buffett through the media. We need to get those guys in a steel cage match in the ThunderDome. "2 go in, 1 comes out....a Clown"!

My money's on Al Green for the floppy shoes and red rubber nose!<G>



To: Les H who wrote (239680)5/8/2003 5:00:26 PM
From: mishedlo  Respond to of 436258
 
Greenspan cautions against government regulation of derivatives
azcentral.com

Greenspan said that financial market participants who purchased derivatives, including banks, had been able to spread their risks and this had helped to lessen the severity of the 2001 recession.

Yep - Banks offloaded the risk to retirees, your grandmother, and most importantly to pension plans that are about to go under.

Not to worry, those pension plans need to offset the risk to other pension plans who will offset it to MM funds, and those MM funds will offload the risk to Martians. The Martians in turn will ofload the risk to Pluto and the Plutoians will carry all that risk. No one on earth need worry about any of this.

There is no possible harm that can come from any of this.
Derivatives are a riskfree godsend. If only we had more derivatives a few years back with everyone offloading all their risk to the Plutioans. The Naz would still be at 5000. That is about how this F*head thinks at this moment. ng

M



To: Les H who wrote (239680)5/8/2003 5:04:18 PM
From: mishedlo  Respond to of 436258
 
S&P reiterates 'avoid' rating on J.P. Morgan Chase (JPM) By Tomi Kilgore
Standard & Poor's reiterated its "avoid" rating on financial giant and Dow industrials component J.P. Morgan Chase (JPM) after the company outlined plans to shore up its credit risk management approach following substantial losses in 2002. S&P feels the company still has "sizable" credit risk exposure to troubled industries, and has greater earnings risk than its peers due its business mix, which is heavily exposed to the capital markets. The firm does not feel the stocks current valuation is justified. The stock is down 74 cents, or 2.4 percent, at $30.08, but is still up 49 percent from its March 12 low ($20.13).



To: Les H who wrote (239680)5/9/2003 10:51:11 AM
From: Les H  Read Replies (3) | Respond to of 436258
 
Gateway to focus on big-screen TVs

news.bbc.co.uk